banking

The third-quarter earnings season for U.S. banks is in full swing with Goldman Sachs Group, Inc. (NYSE:GS) set to report its third-quarter financial results on Tuesday before the opening bell.  JP Morgan, Wells Fargo Set The Stage The major banks' earnings season kicked off last Friday with JP...

Roth MKM analyst Craig Irwin initiated coverage on VersaBank (NASDAQ:VBNK) with a price target of $18. Following the August 2024 acquisition of Stearns Bank Holdings, VersaBank is now federally chartered in both the U.S. and Canada. According to the analyst, management plans to implement VersaBank...

Bank of America Corp (NYSE:BAC) CEO Brian Moynihan praised Warren Buffett on Tuesday as an investor in the company, but said he has not asked the legendary investor why he has lowered his position in Bank of America. “He has been a great investor for our company, stabilized our company...

As the cannabis industry stands on the brink of potential federal rescheduling, the implications for banking access and financial operations are becoming a central focus. During an exclusive interview with Benzinga, Kevin Hart, founder and CEO of Green Check Verified, shared his thoughts on how...

Bank of Hawaii Corp (NYSE:BOH) shares are down on Monday, after the company reported its second-quarter earnings. The stock outperformed the industry in recent weeks, while its profitability lags that of peers, according to Piper Sandler. Analyst Andrew Liesch downgraded the rating for Bank of...

Charles Schwab Corporation (NYSE:SCHW) tanked in early trading on Monday, after several analysts cut their forecasts following the company's second-quarter results. Although the company's shift to a less capital-intensive model could be a positive in the long term, it adds near-term uncertainty...

In the event of a victory by former U.S. President Donald Trump in the upcoming election, three market sectors could experience a surge, according to a research note from Dubai-based financial advisory deVere. What Happened: The report highlighted that energy, manufacturing, and bank stocks could...

Citigroup Inc (NYSE:C) shares recovered slightly in early trading on Monday after tanking on Friday, following the second-quarter results. The results came amid an exciting earnings season. Here are some key analyst takeaways from the release. Oppenheimer On Citigroup Analyst Chris Kotowski...

U.S. Federal Reserve Chair Jerome Powell is expected to face pressure on interest-rate cuts and bank regulations from members of Congress on Tuesday and Wednesday as he provides his semiannual testimony before both chambers. Sen. Elizabeth Warren (D-Mass.) is anticipated to squeeze Powell on...

Shares of First Foundation Inc. (NYSE:FFWM), a Texas-based regional bank facing commercial real-estate risks, dropped significantly on Wednesday after it received some badly needed help from a group of investors led by Fortress Investment Group. The stock closed at $6.58 a share on Tuesday but fell...

United Bankshares, Inc. (NASDAQ:UBSI) announced on Friday that it entered into a definitive merger agreement under which United would acquire Piedmont Bancorp.  The exchange ratio will be fixed at 0.300 of United’s shares for each share of Piedmont, resulting in an aggregate transaction value...

Editor’s note: This story has been corrected to reflect that Western Alliance Bancorporation reported an adjusted earnings beat. Western Alliance Bancorporation (NYSE:WAL) reported its first-quarter financial results after the bell Thursday. Here's a look at the details.  The Details:...

On Monday, the leading U.S. stock indices experienced declines, as the Dow Jones Industrial Average concluded the day 0.65% below at 37,735.11, while the S&P 500 dipped 1.2% to 5,061.82. Similarly, the Nasdaq closed the session with a decrease of 1.8% at 15,885.02. These are the top stocks that...

BofA Securities analyst Brandon Berman upgraded Ally Financial Inc. (NYSE:ALLY) to Buy from Neutral and raised the price target to $46 from $42. The analyst expected the recent balance sheet initiatives to help reduce future earnings volatility.  Berman saw limited...